Upon completion of the Financial Reporting module, Candidates will be able to demonstrate knowledge and apply the Singapore Financial Reporting Standards (SFRS) to produce a complete set of financial statements for an entity. They will also be able to explain and advise on the application of the SFRS, demonstrating appropriate professional judgment in the process.

Outcomes

Understand the role of financial reporting in the decision making process of various stakeholders.

Identify stakeholders in the financial reporting process.

Explain general-purpose financial statements to stakeholders.

Identify and explain the different stakeholders’ roles in public sector financial reporting.

Other standards on presentation and disclosure of financial statements

Consolidated financial statements

Other reporting frameworks and emerging trends

Assessment / Certificate of Attainment

No assessment or certificate is involved in this course. Students may sit an external examination conducted by Singapore Accountancy Commission (SAC) after the course.

Who Should Attend?

This course is ideal for the working adults who would like to gain knowledge in the area to prepare themselves for the external examination.

Entry Requirement

Academic Requirements

All applicants must satisfy the requirements of the Academic Base of the Singapore QP before they can embark on the Professional Programme. To satisfy the requirements of the Academic Base, applicants must either:

Hold an accredited accountancy degree; or

To enrol directly into the Professional Programme, applicants must possess one of the following accredited degrees in accountancy:

Bachelor of Accountancy from the Nanyang Technological University;

Bachelor of Business Administration (Accountancy) from the National University of Singapore;

Bachelor of Accountancy from the Singapore Management University;

Bachelor of Accountancy from the UniSIM University (part-time);

Master of Professional Accounting from the Singapore Management University; or

Master of Science in Accountancy from the Nanyang Technological University (previously known as Master of Business Administration (Accountancy))*.

* Graduates of the NTU Master of Business Administration (Accountancy) programme are allowed to enrol directly into the Professional Programme.

The original and a certified true copy of the degree and transcript must be submitted at the time of enrolment into the Singapore QP.

These degrees are also recognised for the purpose of registering public accountants under the Accountants Act (Cap. 2).

For more information regarding the Foundation Programme, please click here. Hold a recognised degree that is comparable to a 3-year undergraduate degree and complete the Foundation Programme for Singapore QP.

To find out more about the Foundation Programme application procedures, please click here.

Practical Requirements

To register in the Programme, applicants must be employed with an Accredited Training Organisation (ATO) which issues a Training Agreement and assigns an Approved Mentor to their Candidates.